Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF) Short Interest Up 11,000.0% in August

Dream Residential Real Estate Investment Trust (OTCMKTS:DRREF – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 55,500 shares, an increase of 11,000.0% from the August 15th total of 500 shares. Based on an average trading volume of 52,400 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 52,400 shares, the short-interest ratio is presently 1.1 days.
Dream Residential Real Estate Investment Trust Stock Performance
Shares of DRREF stock opened at C$10.62 on Friday. The business has a 50 day moving average of C$9.65 and a two-hundred day moving average of C$9.07. Dream Residential Real Estate Investment Trust has a 52 week low of C$6.12 and a 52 week high of C$10.67.
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Analyst Ratings Changes
DRREF has been the subject of a number of research reports. Morgan Stanley set a $10.80 target price on Dream Residential Real Estate Investment Trust in a research note on Thursday, August 21st. CIBC downgraded Dream Residential Real Estate Investment Trust to a “neutral” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.
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Dream Residential Real Estate Investment Trust Company Profile
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